Key Highlights:
  • Linea launched an eligibility checker for its September 10 token airdrop.

  • 9.36 billion LINEA tokens will be distributed to nearly 750,000 addresses.

  • 85% of supply is allocated to ecosystem growth.

Airdrop Details

Linea, the Ethereum Layer 2 backed by Consensys, unveiled an airdrop eligibility tool ahead of its token launch on September 10. The claims window will remain open until December 9, with unclaimed tokens redirected to ecosystem funding.

Tokenomics and Distribution

Out of the total supply, 85% is dedicated to the ecosystem, including 10% for early users and builders. The Linea Consortium will manage a long-term ecosystem fund holding 75% of supply. No allocation is reserved for team members or private investors, with Consensys holding 15% under a five-year lockup.

Focus on Genuine Users

Linea said it removed over 800,000 suspected Sybil accounts to ensure rewards go to real participants. Around 750,000 eligible wallets will share 9.36 billion tokens, with distribution based on activity, liquidity provision, and early adoption.

Scaling With zkEVM Tech

Linea operates as a zkEVM, bringing faster, cheaper transactions to Ethereum apps. Once the token goes live, 20% of ETH fees on the network will be burned, while the remaining 80% will go toward burning LINEA tokens, adding deflationary pressure.

Read the full article on theblock.